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In order to study business failure rates, you have to first define what a business "failure" is. We use quotes around failure because there's no clear-cut definition. Unfortunately, there is no easy answer to the business failure rate question, nor is there one place where the data is available as easy-to-read statistics. You may need to interpret and calculate the raw data, turning it into the statistical information necessary for your research. You need to be ready to do some work if you find that no one else has already done this ahead of you.
These are things to consider.
HIDE GUIDE LEVEL BREADCRUMB
The Small Business Administration and Bureau of Labor Statistics keep statistics on business exits. This is the number of businesses that close in any given year. Notice that they're not tracking business failures, because the term is subjective, as discussed in the section above. Business exits is probably the number that you should seek out, but you need to think carefully about what it will provide.
Business exits include any company that closes, such as:
You will need to plot the survival rates by industry for firms founded in a specific year. Listed below are helpful government websites that track business exits or other related statistics or information.
The U.S. Government collects and presents useful data for business and industry research. Explore these sites for data and statistics.
Note: This list features some of the most commonly used sites, but it is not exhaustive. For help in finding other useful sites for your research, contact the Library via the Ask a Librarian service.
You can sometimes find articles that will present figures on failure rates, but be cautious and take a close look at how the article is defining failure for that figure. Additionally, it may be useful to search for business survival rates for various time-spans (e.g. 5 years).
Here are some alternate terms:
business exits
business closures
business AND births OR deaths
business survival OR business longevity OR business mortality
This comprehensive business and management database contains peer-reviewed journals, trade publications, dissertations, conference proceedings, and working papers. Its country and industry reports support international and industry-specific business research.
A reliable source for practical and scholarly business research, this database includes peer-reviewed journals, company profiles, financial reports, market research, and SWOT analyses.
This database provides access to an extensive repository of standardized and structured statistical data from over 12.6 billion datasets. Users can search for, compare, visualize, and analyze data presented in a variety formats such charts, maps, graphs, and tables.
Provides access to high-quality, peer-reviewed journal articles covering a variety of topics, including accounting, education, management, marketing, and public policy.
Search regional business publications from the United States and Canadian provinces, including newspapers, radio and television news transcripts, trade publications, magazines, and newswires.
This multidisciplinary database contains the peer-reviewed journals published by Sage with extensive coverage of health, technology, and the social sciences.
A database of peer-reviewed journals and books from the academic press Elsevier that focuses on scientific, technical and health literature but also includes social science coverage as well.